Current Market Data

These 3 Concerns Continue to Haunt Sellers

An uncertain economy and low inventory are bringing out conservative tendencies in sellers Home sellers may dial back prices a bit due to concerns over the economy, the low inventory and buyers being more selective in their home purchases, according to a new Redfin

Will Houston Incomes Rise to Meet New Home Prices?

The middle class is more and more discovering it can no longer afford new homes. But the residential market isn’t correcting itself to accommodate them, a new report from John Burns Real Estate consulting suggested. Instead, the future of

How Long Until Houston Homebuyers Break Even on Their Purchase?

Homebuyers in Houston break even on their homes sooner than expected It takes just a year and a half for homebuying to make more financial sense than renting in Houston’s housing market, according to a recent analysis from Zillow. The “Breakeven

Cheaper Oil, Cheaper Mortgage Rates – A Buying Opportunity

There are a lot of cities in the U.S. – Houston, New Orleans – that have felt the sting of falling crude values (“sting” being a cozy euphemism for economic haymaker). But the news isn’t all bad. Take, for instance, mortgage

3 Positive Employment Trends For Housing

The latest jobs report shows some silver linings for employment Last week, the Labor Department released its monthly jobs report with mostly positive news: unemployment fell below 5 percent in January, suggesting that even with the weak global economy and decreasing confidence

Greater Houston’s Top Closings in Jan. 2016

Click on the tabs below to see the top single-family, condo and multifamily closings in Greater Houston’s housing market in January. Single Family Condo Multifamily Single Family Sales Price Address Agent Brokerage $7,000,000 15 Grand Regency Cir, The Woodlands Beth

Houston’s Housing Market Bounces Back in January

Has Houston’s housing market regrouped for 2016? After a weak December, Houston’s housing market regrouped somewhat in January, with home sales and prices remaining consistent with where they were a year ago. According to the latest report from the Houston

TransUnion Predicts 2.2 Million Boomerang Buyers Will Return by 2021

Boomerang buyers are, as the name implies, ready to return to housing The housing market’s recovery has been slow since the recession, and many consumers are still struggling with the economic fallout. According to a study released by TransUnion, though, there

New Homes Are More Expensive and Bigger than Ever Before

Bigger homes mean more luxury buyers – but what does that mean for first-time buyers? The average unit size of new residential construction is increasing, according to a National Association of Home Builders report. The average size of a

CoreLogic: Houston Buyers Aren’t Using Cash

Real estate markets across the country continued hemorrhaging cash last October, a new report from CoreLogic confirmed, with the share of total sales falling 2.6 percentage points year-over-year. However, as is typical of the season, the amount of cash

Oil in 2017: Could Be $20 Per Barrel, Could Be $100

The price of oil is still very low. In January, it hit a 12-year low, and now Brent crude sits at $34.39 a barrel while West Texas Intermediate is at $31.44. The forecasts for oil prices are dim, as

CoreLogic: Houston Homes Gain Equity During Price Slowdown

Home prices continued their steady climb rounding out 2015, rising both year over year and month over month, according to CoreLogic. Across the nation, home price appreciation averaged a 6.3 percent increase from Dec. 2014 to Dec. 2015 –

Redfin Names Houston’s Hottest Neighborhoods

Norhill is Houston’s hottest neighborhood, determined a new report from Redfin. With a median sale price of nearly $500,000, Norhill is fairly expensive compared to the rest of Houston – which had a median sale price of only $212,000

Despite Slowdown, Developers are Still Pumping Billions into Houston’s Housing Market

New analysis from Dodge Data & Analytics paints an encouraging picture for Houston’s new construction marketplace The Houston housing market capped off a strong year of residential investment, according to the latest numbers from Dodge Data & Analytics. Per Dodge Data’s

The 3 Trends Shaping New Construction in 2016’s Market

These three trends illustrate where new construction is heading in 2016 Last week, the U.S. Census Bureau reported that new single-family home sales in 2015 totaled 501,000, a 14.5 percent increase over 2014 that brought new home sales to their

Houston’s Top High Schools with the Best Teachers

Homebuyers want to live in a nice neighborhood, and when homebuyers have a child, “nice neighborhood” translates to “wherever the good schools are.” Thanks to Niche, providing that information to clients is now easier than ever for agents. In

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